Technology General Corporation
Technology General Corporation engages in the manufacture of deep-drawn metal-formed products, and ice crushing and shaving equipment; manufacture and distribution of spray coating and industrial mixer systems; and sale of its products to various users primarily in the United States. It operates in three divisions: Precision Metalform, Eclipse Systems, and Clawson Machine. The Precision Metalform… Read more
Technology General Corporation (TCGN) - Net Assets
Latest net assets as of March 2006: $113.06K USD
Based on the latest financial reports, Technology General Corporation (TCGN) has net assets worth $113.06K USD as of March 2006.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.34 Million) and total liabilities ($2.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $113.06K |
| % of Total Assets | 4.83% |
| Annual Growth Rate | -35.6% |
| 5-Year Change | -61.12% |
| 10-Year Change | N/A |
| Growth Volatility | 27.43 |
Technology General Corporation - Net Assets Trend (2000–2006)
This chart illustrates how Technology General Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Technology General Corporation (2000–2006)
The table below shows the annual net assets of Technology General Corporation from 2000 to 2006.
| Year | Net Assets | Change |
|---|---|---|
| 2006-03-31 | $113.06K | -43.54% |
| 2005-03-31 | $200.25K | -5.50% |
| 2004-03-31 | $211.90K | +16.74% |
| 2003-03-31 | $181.52K | -37.58% |
| 2002-03-31 | $290.79K | -52.06% |
| 2001-03-31 | $606.56K | -61.72% |
| 2000-03-31 | $1.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Technology General Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 148327300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
- The company has 7.6% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (March 2006)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.02K | 5.32% |
| Treasury Stock | $8.56K | 7.57% |
| Other Components | $2.42 Million | 2140.33% |
| Total Equity | $113.06K | 100.00% |
Technology General Corporation Competitors by Market Cap
The table below lists competitors of Technology General Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M Line Hldgs Inc
PINK:MLHC
|
$0.99 |
|
Zane Interactive Publishing Inc
PINK:ZNAE
|
$0.99 |
|
AgriMinco Corp
PINK:ETPHF
|
$0.99 |
|
City Bank
PINK:CTBK
|
$0.99 |
|
Liquid Holdings Group Inc
PINK:LIQDQ
|
$0.99 |
|
Applied Visual Sciences Inc
PINK:APVS
|
$0.99 |
|
Praetorian Property Inc
PINK:PRRE
|
$0.99 |
|
Gncc Capital Inc.
PINK:GNCP
|
$0.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Technology General Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2005 to 2006, total equity changed from 200,249 to 113,060, a change of -87,189 (-43.5%).
- Net loss of 87,189 reduced equity.
Equity Change Factors (2005 to 2006)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-87.19K | -77.12% |
| Total Change | $- | -43.54% |
Book Value vs Market Value Analysis
This analysis compares Technology General Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-03-31 | $0.27 | $0.00 | x |
| 2001-03-31 | $0.10 | $0.00 | x |
| 2002-03-31 | $0.05 | $0.00 | x |
| 2003-03-31 | $0.03 | $0.00 | x |
| 2004-03-31 | $0.04 | $0.00 | x |
| 2005-03-31 | $0.03 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Technology General Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -77.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.13%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 20.71x
- Recent ROE (-77.12%) is below the historical average (-57.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -1.00% | -0.50% | 0.78x | 2.55x | $-174.36K |
| 2001 | -162.40% | -36.26% | 0.82x | 5.44x | $-1.05 Million |
| 2002 | -110.21% | -12.40% | 0.91x | 9.78x | $-349.57K |
| 2003 | -60.07% | -4.69% | 0.86x | 14.87x | $-127.18K |
| 2004 | 14.34% | 1.39% | 0.88x | 11.68x | $9.19K |
| 2005 | -5.82% | -0.55% | 0.84x | 12.53x | $-31.67K |
| 2006 | -77.12% | -4.13% | 0.90x | 20.71x | $-98.50K |
Industry Comparison
This section compares Technology General Corporation's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Technology General Corporation (TCGN) | $113.06K | -1.00% | 19.71x | $0.99 |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |